As OFWs, we work hard abroad to secure a better future for our families back home. That’s why it’s important to make sure our savings don’t just sit still — they grow. Good news! Digital banks in the Philippines now offer high interest rates, easy online access, and no maintaining balance — perfect for us who manage our finances from overseas.
Whether you’re sending money home, building your emergency fund, or saving for a future investment, here are the top digital banks in the Philippines with the highest regular interest rates in 2025.
Best Digital Banks with high Savings Interest Rates in 2025
1. Tonik Bank – 4% to 6% interest per annum
Backed by: Tonik Financial Pte. Ltd. (Singapore-based fintech firm)
Tonik is the first fully digital bank in the Philippines licensed by the BSP. It offers high interest rates for both savings and time deposits.
- Savings Stash: 4% p.a.
- Time Deposit: Up to 6% p.a.
- Fully digital onboarding
- BSP-regulated
👉 Best for those who want flexible savings and high time deposit returns.
Also Read: Why Many OFWs Remain Poor After Returning Home for Good
2. SeaBank – Up to 4% interest per annum
Backed by: Sea Group (Singapore), parent company of Shopee and Garena
SeaBank offers one of the highest daily-credited savings rates, with no lock-in period or minimum balance.
- Regular Savings: 4% p.a.
- Daily interest payout
- Seamless integration with ShopeePay
👉 Perfect for e-commerce users and passive savers.
Also Read: Credit Cards in Dubai: A Guide for OFWs
3. GoTyme Bank – 4% interest per annum
Backed by: Joint venture between the Gokongwei Group (JGsummit Holdings) and Tyme Group (South Africa)
GoTyme offers a consistent 4% p.a. on savings with an in-mall kiosk for fast account opening.
- Savings Account: 4% p.a.
- No maintaining balance
- Free debit card
- Strong retail integration (Robinsons Group)
👉 Ideal for users who prefer in-person access and steady savings growth.
4. Maya Bank – 3.5% interest per annum (base rate)
Backed by: PLDT Group, operated under Voyager Innovations
Maya is a digital wallet turned bank that offers full banking services with a base interest of 3.5% p.a.
- Base Rate: 3.5% p.a.
- No required activities
- Mobile banking + crypto + wallet in one app
👉 Good for all-around digital finance with decent savings returns.
5. UnionDigital Bank – 3% – 4% per annum
Backed by: UnionBank of the Philippines
UnionDigital Bank is now accessible to the public via its mobile app, offering digital banking services designed for the everyday Filipino. While interest rates vary depending on account type and usage, it continues to grow its features and user base.
- Interest: 3-4 % Savings Interets
- Open to the public (may require waitlisting or referrals)
- Competitive rates depending on usage
- Fully digital and BSP-licensed
- Strong tech and infrastructure via UnionBank
👉 Best for tech-savvy users looking for a future-ready banking experience.
6. OWN Bank – 3.8% interest per annum
Backed by: Rural Bank of Cavite City, Inc.
OWN Bank is a rural bank-turned-digital bank offering competitive interest rates with a user-friendly mobile experience.
- Regular Savings: 3.8% p.a.
- Time Deposit: 4.8- 6.5% p.a
- No maintaining balance
- Simple app with essential banking features
- BSP-supervised
7. CIMB Bank – 2.5% to 4% interest per annum
Backed by: CIMB Group (Malaysia)
CIMB is one of the most established digital banks in the Philippines and Southeast Asia.
- Fast Account: 2.5% p.a.
- UpSave Account: Up to 4% p.a. (with certain conditions)
- No minimum balance
- Free fund transfers via the app
👉 Best for those who want stability and international reputation.
Comparison Table of Regular Interest Rates (2025)
| Digital Bank | Interest Rate (p.a.) | Backed By |
|---|---|---|
| Tonik Bank | 4% | Tonik Financial (Singapore) |
| SeaBank | Up to 4% | Sea Group (Shopee, Garena) |
| GoTyme Bank | 4% | Gokongwei Group + Tyme (South Africa) |
| Maya Bank | 3.5% | PLDT / Voyager Innovations |
| UnionDigital Bank | 3-4% | UnionBank of the Philippines |
| Own Bank | 3.8% | Rural Bank of Cavite |
| CIMB Bank | 2.5% | CIMB Group Malaysia |
Also Read: How to Compute Gold Prices in the Gold Souk
Tip: Use multiple digital banks to enjoy various perks and maximize your savings potential. You can even dedicate one account just for your emergency fund — a must-have for any OFW. It gives you peace of mind and financial security when unexpected expenses come up, whether for medical needs, job transitions, or urgent family matters.
Digital banks offer a more rewarding and flexible way to save in 2025. With rates going as high as 4% per annum and zero banking fees, they’re a smart alternative for OFWs and local savers alike. Always go for regulated and BSP-licensed banks, and check the company behind the name to ensure your savings are in good hands.
